Luxury shopping in the post-Covid era is seen again as an exclusive gratification, a localised, digital and sensorial experience through authentic, high-added-value products, according to market research firm Ipsos.
French luxury group Kering confirmed a broad recovery in sales of high-end goods in the third quarter as Asian and U.S. demand helped revenues improve, though its star Gucci brand underperformed rivals.
The family owners of Salvatore Ferragamo have held informal discussions with financial investors to sell a minority stake within their holding firm, as they seek a turnaround and to cope with the fallout of Covid-19.
Australian mining billionaire Andrew Forrest said his private company bought bootmaker R.M. Williams from French fashion giant LVMH, returning ownership of the famed fashion label to its home country after six years.
The Milan fashion powerhouse has significantly expanded its Prada Re-Nylon selection, offering ready-to-wear, footwear and accessories for men and women, underlining its commitment to a sustainable business model.
Recovering sales of Louis Vuitton handbags helped LVMH contain the fallout from the coronavirus crisis in the third quarter, as the world's biggest luxury goods group reported a smaller-than-expected drop in revenues.
What is your definition of luxury? Most people would have a hard time agreeing, and a cleverly eclectic exhibition in the Musée des Arts Décoratifs in the Louvre entitled Luxes, which opens Thursday, redefines the term.
Without question, this has been the strangest season in fashion in 50 years, where designers have been busy asking themselves what the point of their profession is. What the French call "une remise en question."
US biotech firm Bolt Threads has announced "an unprecedented consortium” of major global companies “who have secured exclusive access to its innovative material, Mylo”. Adidas and Lululemon are also on board.
With the line between women and men increasingly blurred in society, leave it to Nicolas Ghesquière to develop a fashion vernacular that addressed that slowly melting division in the final show at Paris Fashion Week.
Designing denim would not normally seem the most apt way to become the designer at one of France’s great couture houses, but it is the career path of Matthew M. Williams, who debuted at Givenchy on Sunday
One house gaining lots of traction is Schiaparelli, where couturier Daniel Roseberry unveiled his latest ready-to-wear ideas on Sunday in a photo shoot he shot himself of his favorite Paris morning walk.
Kenzo Takada, the first Japanese designer to establish himself in France, has died of Covid-19 at the age of 81, at the American Hospital in Neuilly-sur-Seine, leaving this world during Paris Fashion Week.